Aspiration Partners, Inc. in Marina Del Rey, CA - SBA PPP Loan Data (Paycheck Protection Program)

PPP Loan Data — Aspiration Partners, Inc., Marina Del Rey, CA

Aspiration Partners, Inc.

Entity: Corporation

Industry: Financial Transactions Processing, Reserve, and Clearinghouse Activities

Location: Marina Del Rey, CA

Aspiration Partners, Inc. is a corporation located at 4551 Glencoe Ave in Marina Del Rey, California that received a Coronavirus-related PPP loan from the SBA of $3,360,900.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.36M

Jobs Retained:

171

Loan Approved:

2020-04-06

Lender:

COASTAL COMMUNITY BANK

Aspiration Partners, Inc. in Marina Del Rey, CA received a Paycheck Protection Loan of $3.36M through COASTAL COMMUNITY BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Aspiration Partners, Inc.'s total 2019 payroll expenses were approximately $16.13M in order to qualify for the PPP loan amount received.

Based on their reported 171 jobs retained, this equals an estimated average yearly compensation of $94,341 per employee¹.

Because the loan received by Aspiration Partners, Inc. is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Aspiration Partners, Inc. in Marina Del Rey, CA

Aspiration Partners, Inc.
4551 Glencoe Ave
Marina Del Rey, CA 90292

Business Industry

Financial Transactions Processing, Reserve, and Clearinghouse Activities (NAICS code 522320)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CA-33

Industry PPP Comparison Statistics

Nationwide, 2,295 businesses in the "Financial Transactions Processing, Reserve, and Clearinghouse Activities" industry received a total of $244,861,474.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 8 employees, 95% lower than Aspiration Partners, Inc.'s reported 171 employees, and received an average PPP loan of $106,693, 97% lower than this company's loan of $3.36M.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan. All information displayed on this page is publicly available information under PPP loan guidelines, and is published unmodified, as provided by the SBA.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.

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